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the last week there has been a lot of talk about oversupply, u.s. production levels quite high. but yesterday we saw a precision air strike from israel on a hamas chief-of-staff leader, and what that did was it raised that bar again about the geopolitical risk with crude-oil, and we saw this big reversal to the upside. > > there is yet another call for gold to go to $2,000 an ounce. what do you think about that? > > i definitely think so. the issue that we're having here is safety, and there's not enough of it to be spread around. we're seeing almost no yield in treasuries. we saw a german note auction that provided a negative yield. the dollar index isn't much safer than the euro currency. so gold seems to be a hard asset and a place that traders may want to be. > > good to have you on the show this morning. have a good trading day phillip. > > thank you. president obama has set the pace for tomorrow's meeting with congressional leaders. in a news conference yesterday the president reiterated the need to raise taxes on the wealthy while continuing tax breaks for the middle cla
talk takes us around the world with gary kozlowski. good morning to you. > > good morning. > > let's start with the good old u.s. of a, and cliffs and bluffs. what is the market telling you about the so-called fiscal cliff? will we see a resolution? > > there is some uncertainty that's going on, because what we're seeing, with everybody so concerned, you would think that the u.s. dollar in particular would be pulling back. we are seeing the dollar up in the mid-81 range, and it looks like it is going to continue to run. also, another thing that we are looking at is the indices. they are pulling back down, and i think we still have some more room for them to pull on down. > > what about the eurozone going into yet another recession? what is the fallout? > > wow. we haven't seen the fallout in the euro dollar yet. in yesterday's market, it stayed in the $1.27 range, which really caught a lot of people by surprise, especially with the dollar gaining a little bit. > > tensions are rising in the middle east. will that rattle the oil market? > > we're seeing brent crude is running up, ye
of china america capital joins us now from the trading floor of cme group. good morning, good to have you on the show this morning on this jobs friday. > > good to be here. > > what do you anticipate as far as the numbers? > > looking at the adp report wednesday and yesterday's jobless claims report, expectations are probably on the high side. my expectation, for whatever it's worth, and i really don't think it's worth that much no matter what comes out, but 140,000. as long as we're north of 120,000, 140,000, i think it will be ok. the key is going to be the unemployment rate itself, which eyes will be focused on given the sharp drop it had at last month, and it's expected to uptick one or two basis points to 7.8%, 7.9%. so i think that's going to be real key to watch as well. > > and it turns out that consumers are confident. consumer confidence coming in at a four-year high. what do you make of that? > > i think that consumer confidence really goes with the market itself. granted that we have avoided a summer in which things could have turned very bad, and now i think we're looking at
of traders this morning. phillip streible of rjo futures joins us on this monday morning. good morning to you. > > good morning to you. > > what was going on with that sell-off on friday? was that classic buy-on-the-rumor-of- the-jobs-number and then sell- off-on-the-news? > > it was really interesting. i mean, traders started to jump in and we got some momentum after the number came out. the number was perceived very well, and we saw that push upwards. but as the day progressed, traders became more and more concerned about the election that's going to be tomorrow and what the results will be. so, it felt wise to maybe take some money off the table, stand aside and get back to safety. > > the market hates uncertainty. money though was moving out of gold. what is that telling you? > > that was actually very interesting, because we would have thought that that safety play would have been a push into the metals. but in all reality, it was more of a repatriation back to the dollar, selling some of the risk currencies. it pushed the u.s. dollar index up. we saw gold prices start to trend lower. th
leaders to the white house on friday. chuck coppola joins us in the newsroom with more. the so-called fiscal cliff is right smack in the middle of the agenda in washington, and as our cover story shows you, the president and congressional leaders have already staked out their positions. president obama called on house republicans to give certainty to middle class families by extending middle class tax cuts immediately, before they run out at the end of the year. "i've got the pen ready to sign the bill right away. i'm ready to do it." fairness in taxes proved a key issue during the campaign. extending a tax cut for the middle class now would effectively keep republicans from holding it hostage later in negotiations to extend all tax cuts, including those for the rich. "i'm not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 aren't asked to pay a dime more in taxes. i'm not going to do that." earlier, house speaker john boehner told reporters that allowing tax cuts for the wealthy to expire at t
to put it into her schedule we were very happy to have her. very honored to have her with us tonight. >> reporter: all proceeds will be donated to the youngstrom family. there are just a few tickets left. tickets at the door are $60. if you'd just like to drop off a donation the doors here will be open until midnight. we're at the san ramon golf club. >> in just the past half hour san jose police released a photo in the suspect of a mysterious death of a woman this morning. robert handa is live in san jose where a body was found inside a home just before daylight. >> reporter: we are still here. as you can see it's very dark. investigators have been inside the house now for hours. what has changed before is now they are working a homicide with a known suspect. a short while ago police released this picture of troy nosenzo who is believed to be on the run. police won't release details. he is married to a woman who lived with him at the house for many years. the coroner's office is not releasing the victim. a 911 call was made from this house in south san jose this morning. shortly aft
, jeanine is live and tell us about this manhunt and how this is affecting traffic. >> that's right, no cars are being allowed and you can see it is closed between campbell all the way to arizona because police are investigating a shooting and suching for a suspect. chp told us this was an officer involved shooting and they say all officers should be on the lookout for a tan honda. they were making a traffic stop when the shooting took place and at this point it is unknown if anything took place and they have been gathering evidence and taking pictures. we have seen at least one bullet casing on the ground. people who live nearby are being stopped by the police tape and they have lots of questions because they say shootings just don't happen here. >> having any kind of violence or shooting in this neighborhood is very rare so you know it is kind of scary that -- you know i hope people are okay and -- yeah, i have a lot of questions. >> there are three schools in this vicinity and they say this will be a traffic nightmare because many people use this area to get to school and to get too and f
a morning, excessive rainfall rates, gusty winds still effecting us. here you can pick out the coverage out there. you will notice we are seeing changes in the north bay. the rainfall rates tapering after as you can see but still steady rain for santa rosa, around the area as well. as we shift the maps down here you will notice more activity for the central portions of the bay, heavier rain around san francisco as you cap pick out, a moderate cell moving through and covering the whole east bay. in fact here you can see more activity around the livermore area. we will continue to move the maps and show you ax in the southern half, pacifica, los gatos and san jose and morgan hill and tighter to the santa cruz mountains that is the concern of course, a rough mourning all day long for highway 17 for the summit and still seeing some moderate to heavy rainfall here as well. so once again the wider perspective here as you can see across the regions the main bulk of the action is drifting moving south and east and that trend will continue so we expect a change over the next two to three hours with
>>> up next on a second look, the first woman ever to serve on the u.s. supreme court. in her own words how sandra day o'conner got the call from president reagan. the most difficult case she faced and her latest crusade to change the way judges are chosen. >>> a legal pioneer returned to the bay area last month. 82-year-old stanford graduate sandra day o'conner. the first woman to serve as a justice was in san francisco for an appearance at the o'conner club. president reagan appointed her in 1981. >> president reagan appointed the first woman to serve. a couple of people were asked to check my record. there was plenty of old newspapers and stuff about me. so they had to check it all out. >> no -- that the time. >> no no -- at that time. not too long after i was sitting in my chambers at the court of appeals in arizona, and the phone rang and it was the white house calling. president reagan said, sandra. yes mr. president. i would like to announce your nomination for u.s. supreme court, is that all right with you. well-- gulp. what do you say to that? i don't know. i guess mr.
, falling to its lowest level since july, mostly due to uncertainty about the future of the u.s. and global economies. groupon shares fell 13% after the close on earnings news. revenues were up, but the coupon company had a net lost of nearly 3 million dollars. profits were up at disney thanks to espn and growth at theme parks. and priceline is set to buy online travel company kayak for $40 per share. how low will this market go? ben lichtenstein of tradersaudio.com joins us. good morning to you. happy friday. but is this a buying opportunity here? > > i don't think so. i think basically if you try and step up right now, you're kind of trying to play "catch the knife" if you will. there has been a lot of energy to the downside. it started wednesday. we saw a continuation of that yesterday. basically closed 'em out on the lows. everything across the board literally looks weak right now. the one thing that's been just kind of crazy and doesn't really fit in with all of this is that the dollar has been sideways, right around 81 even, and that the volatility index is still holding right around
everybody, i'm angela miles, and thank you for joining us on today's first business. coming up in this edition, we are getting into the spirit of giving by checking in on charities. how americans are opening up their wallets, and why some nonprofits are facing a new dilemma. plus, we'll take a look at the advances parents are making to help their children become financially savvy. college costs continue to soar. our guest is dishing out tips on cutting the expense. why he says you don't have to be at the top of your class to find a top scholarship. and, let the holiday movie season commence. a review of some of the biggest and smallest flicks to hit the big screen in the coming months. nonprofit organizations are facing a big dilemna: many of their donors are elderly, in poor health and there are fewer of them each year, and there aren't enough new donors to pick up the slack. in our cover story, how one non-profit is using business strategies to make a difference. the privately-funded pritzker military library is one of chicago's best-kept secrets. "our biggest problem is no o
morning, thank you for waking up with us, this monday morning, november 25th, i am pam -- november 25th, -- november november 26th. >> and here is tara. >>> thanks, steve, here is a look at 280 and actually we have no fog so that is good news. bay point, that area is also looking fog free at this hour and those headlights are westbound as folks make their way towards concord and the  dense fog advisory is making for a tough commute on the bay bridge. lorraine blanco is live at the toll plaza with what drivers are dealing with that, hello. >> reporter: hello, tara, you can see it is extremely foggy behind me and you can barely see the light poles behind me and beyond that, tolls are not visible. be prepared for a lost breaking and also on the side streets, you couldn't see signs this morning and driving through a good part of the east bay is a challenge this morning. we shot video near emoryville and mcarthur maze. and an advisory is in effect here as well as the golden gate bridge, -- golden gate bridge, richmond san rafael and dinesh why bridges and remember to give yourself -- and v
morning news. >>> good morning, thank you for joining us on this monday morning, november 25th, i am pam cook. >> good morning, i am dave clark, let's check weather and traffic, i think he is over there somewhere in the fog. >> you have that banker look going on. >> you have to see the shoes. >> we have a very thick fog pattern over there, and give us a fog advisory so be careful and i am broad brushing this if you break through that fog, low- to-mid 60s. here is tara. >>> all right, steve this is a look at 680 and you can see traffic is moving along fairly at this hour and up next we have a heavy fog advisory for the bay bridge and you can see folks headed into the city and definitely give yourself some extra time. lorraine blanco is out there. how are people looking are they taking it slowly? >> yes, they are not taking it that slowly and the fog has not let up since we have been out here. just behind me is the toll plaza and you can't see it at all. now traffic is moving, moving rather slowly here and visibility is very low. here is a look at some iphone video as we head down in el ce
in san jose. jeanine della vega joins us live to let us know about the situation, good afternoon. >> reporter: police have this whole area roped off and this whole happened by this jewelry store and right now officers are talking to employees to try to piece together what happened. we know two armed men are on the run. let's go to some video we have from news chopper 2. this all started at about 10:10 this morning. police tell us two men entered this jewelry store and they did have a gun with them and the store clerk inside had a gun and fired back at the suspects and it is unknown if he hit one of them. those robbers ended up running out of the store and it's unclear whether there was a getaway car and they did not tell us whether they got away with any items inside the store and this is what they had to say. >> we have officers looking for witnesses and others are searching for video and this could possibly help in this investigation and we have officers canvassing the area looking for possible suspects. >>> now we are told by police that apparently the clerk said that the two
market. and, what is the deal? traders tell us what they expect from the fiscal fallout on capital hill. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's tuesday, november 27th. i'm angela miles. in today's first look: tech is in check. the dow and s&p 500 pulled back a touch yesterday, while the nasdaq pulled out a 6th straight win. apple and facebook were among the hot tech stocks. gold and oil both slipped on concerns about whether greece will get another bailout, and the u.s. budget. the governor of new york places the cost of hurricane sandy at $42 billion in damages and losses. and all bets are off at intrade.com. the website can no longer allow u.s. residents to place financial bets on the prediction markets. intrade correctly predicted president obama would be re-elected and that the u.s. is not likely to fall off the fiscal cliff. there are lots of rumblings coming out of washington. let's turn to scott bauer of trading advantage to talk about this alleged fiscal cliff. what do you think - and
't think he's getting the job. >>> no. >>> dude breaks into a store -- >> just using his own brute strength. >> we'll reveal the clue that has the police believing -- >> this isn't his first time. >>> and, he's back, but this time -- >> doing it at night in sort of sketchy-looking elevators. >> see the prank that's simply head-dropping. >> that's so good. it's awful. >>> it's best of "rtm" time. >>> this video by scooter mcgruder. he did a video on the top 100 that awkward moment when -- >> ooh. >> when mom recommends e-harmony.com. when you make eye contact while eating a banana. >> that's an awkward one. >> we have a lot of videos of people doing that around this office, actually. >> check out this video to find out if you're awkward. just head to our website, rightthisminute.com and click on -- >> best of "rtm." >>> if only this guy used his power for niceness instead of evil. because this guy is pretty strong and you won't believe what he is suspected of doing. >> he walks up to this store and he's going to break in. this is a cvs store. >> he breaks in just using his own brute strength
: and friends of the family tell us there are many still at stanford hospital. we have another crew there monitoring the situation. chp said the four family members not ejected were all wearing their seat belt. investigators say they are looking at another critical piece of information in this investigation. we're forking on that for 6:00. -- we're working on that for 6:00. >>> a big rig jackknifed today. four other vehicles were involved. no injuries were reported. now, this accident happened aft about 10:15 this morning. as you can't see from these pictures three lanes were blocked for more than an hour until this scene was cleared. >> retailers fighting for consumer spending led to a shopping rush across the bay area today, with consumers on the hunt for those black friday deals. we caught up with some people today who had been out for hours today. >> reporter: they have. a lot of people out well before sunrise, as you know, and if you take a look behind me right now here in union square, thousands still out here right now. many of these folks waiting for the annual macy's tree
. >>> a hazardous situation is giving a problem, tara joins us to tell us what is going on live. >> reporter: if you take a look behind me, you can see these windows are still open. they are letting some of these people back in so they can grab their belongings so they don't miss their flight a fire chief said it's all due to a carbon none oxide league. you can see police are here on scene and all of the windows to the nbc sweets are here to ventilate the building and it all started when somebody needed to be transported to the hospital. we don't know what their illness was but fire crews came out and six hours later they were called out again and this time they discovered the problem and evacuated about 1,000 people, that is nearly 1,000 people outside in the combed. >> they did some sam beg and found out there was a high level of carbon monoxide. so they sent the san mateo health department to determine what was going on here. >> they linked this to a faulty boiler, some have been camping out in their cars. it is extremely chilly and windy. that victim we told you about, they are being treated at
to make a plan to use your medicines safely. for more information on diabetes medicines go to f-d-a dot gov slash womens diabetes. people are out of work after hostess closed the doors. what's ahead for twinkies? cyber splurge. the record money consumers will be spending shopping on the internet this year. plus, trendy turkeys. the startling cost of an organic bird for a thanksgiving feast. and no more rip offs. what you need to know before taking your car to the mechanic. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, november 19th. i'm angela miles. in today's first look: a better tone out of washington is giving a lift to the stock market. the market made gains on friday, but it wasn't enough to wipe away losses for this week. in market action last week, the dow fell 1.8%, the s&p was down 1.5%, and the nasdaq edged lower by 1.8%. president obama is still traveling in asia today, where he is calling for continued political reforms. american pilots will vote again on a contract offer from th
has new information this noontime. shows us the new sketch just released and the increase reward being offered. >> reporter: san jose police are searching for the man depicted in this newly-released sketch, wanted in connection with the violent crime wave across the city. investigators say he and his accomplice, jonathan wilbanks, shot it out with officers friday night. willbanks was arrested but his partner got away. >> we're very concerned which is why we're here enlisting the public's help in getting the suspect in custody, why we've been working around the clock. police have not been able to identify this man who may or may not be in san jose. this morning, the mayor announced his office is doubling the reward money in this case. there's now $20,000 being offered. >> we know that people know the suspects. we know that somebody has information. >> reporter: investigators say this pair were behind a string of crimes including four armed robberies. >> reporter: police say while these two armed men were on the run, they tried to carjack a driver outside the 7/11 store. that man ended u
of oakland are on strike today. christien kafton joins us live to explain why and how it is impacting business there. >> reporter: good afternoon. take a look. you can see that the workers are here at one of the entrances to the port. now, we understand that word is spreading among those workers right now that they can picket out here. they can demonstrate but they cannot block more vehicles from entering. meanwhile, we can tell you that other unions out here at the port are refusing to cross those picket lines. members marched in front of the entrances of the port today starting at about 5:30 this morning, blocking more than 100 trucks trying to deliver or pick up cargo containers. >> the idea of shutting down the port was to let them know we're serious. we want them back at the bargaining table. we don't feel like they've been taking us seriously. >> we understand right now, seven private marine terminals have elected to close for the day. there is an arbitration underway and the arbitration is an ongoing process. >> reporter: union organizers in the port have been negotiating a new
good job of like keeping us updated on if things were gonna change and the crew was late getting back when we could have left earlier. they treated us fine once we were on the flight but i was just frustrated. everyone was. >> reporter: by 4:30 this morn, passengers found the occasional crowd and then the departures. they said even the rain didn't damage their optimism. >> so far so good. i think it should be okay. >> reporter: there are some delays from inbound from chicago chicago and boston -- from chicago and boston. coming back to our live shot, you can see folks flights arriving and duty managers said about an hour and a half ago, there are still parking spots. if you are leaving today and you do need to park that's still an option for you. we're live at sfo, christien kafton, ktvu channel 2 news. >>> officials at san jose airport say they are not having any delays because of the weather there. but they are seeing major delays on southwest airlines involving flights to or through chicago's midway airport due to weather there. some of the flights are delayed for several hours. th
and needs to be changed. >>> the lawsuit just filed and announced late this morning that could change the u.s. armed forces forever. good afternoon. i'm tori campbell. >>> the issue of lating women frontline in combat, the suit is being filed on behalf of active military women. brian flores joins us live from the city with new information at noon to explain what is at stake. good afternoon, brian. >> reporter: good afternoon, tori. what's at take for these women they say is the chance to serve on the front lines, be recognized for their efforts. for years, women were not allowed on the front lines of military coomb bat. but a recentry filed -- combat but a recently filed lawsuit changes that. >> this directly contributes to the notion that women do not belong in the military that they, in fact, weaken the armed forces. >> reporter: these women representing all branches of the military along with the aclu have filed a lawsuit. >> the enemy doesn't distinguish between gender. when i was going out on missions in iraq and my vehicle was hit by an efp and everyone in it my vehicle received differe
about this story. we have jackie joining us "right this minute" from south africa. how are you? more importantly, how is your hair holding up? >> luckily, one of my friends is an amazing hairdresser and he gave it a good chock and conditioning and i will live toñ tale another ta tell another tale. >> did you feel heat? >> i was so engrossed in what i was doing, i didn't. >> how much hair did you end up losing? >> i would say a good chunk. but it needed a trim. >> how did the bride handle this, that you got a lot of attention on her special day? good laugh about it. you don't see, okay, sort of thing, enjoy the rest of her wedding. >> did the d.j. play "this girl is on fire" by alicia keys. ♪ >> did you get more business because of this? >> i have had a lot of people contacting me. i've put myself in extreme situations. one of many memorable occasionsñ >> it's officially the season of the turkey. i think at this çóhouse, everyd is turkey season. see that big giant turkey at the front stoop of this house? giant turkey does not like visitors. this is a watchdog turkey, if you will
when he finally gets a strike. >>> a guy uses fish to bait a much bigger catch. >> he's basically teasing the shark with this appetizer. >> how the shark took his meal to go. >>> plus, they got theirs in their ipad giveaway, now get the wednesday buzzword for your chance to win. >>> a guy with a quick -- can you do this? >> i want you guys to look at this from a surveillance video in london, england. what this camera picked up is a fight. the man being attacked is a pakistani man, and according to a report, this fight was racially motivated. it started with a woman, 26-year-old amanda lowe, calling him names, including calling him a terrorist. amanda's boyfriend, wesley earl, jumps in. you see him knock nasar to the ground. and amanda lowe who is kicking him in the head repeatedly after he's already down on the ground. and in this process, she left a child in a stroller and an eight-year-old off to the side as she attacked this man. as the fight breaks up, this woman goes back to her stroller, goes back to her eight-year-old and they just walk out of pi picadilly gardens, but even
gomez was there to capture all of the action. he joins us "right this minute" via skype. what happened before the video starts? >> he was dressed up asfá one o my childhood heroes and riding wheelies up and down the street. once i heard he was going to jump the water fountain i figured i better get video. >> was there a part of you that thought he wasn't going to make it? >> absolutely. a make shift ramp didn't look like it was professionally built but they obviously planned it out. they pulled it off. this guy was pretty confident at what he was doing. >> any idea who this guy is? i know police he had the suit. >> it's got to be him. everybody said if elvis is still alive. >> woo! >>> a couple of crash videos. the first one makes me a little sad. it looks like they are driving in a really nice classic car down the road. the description makes me believe it is chris and gary two buddies. >> they got in an accident? >> they are out enjoying a nice afternoon. right about here this car is stopped because they are about to make a right-hand turn. cars behind it slow down to wait for it. cl
on the span so use care. 5:01 let's go back to the desk. >>> all right it's four more years for president obama. final results still being counted but here is the -- we have the electoral map results. the state of florida is the only one remaining too close to call. the president has at least 303 electoral votes. 270 are needed to win the white house. thousands of supporters cored as the president, first lady, and daughters emerged at their victory party. in his victory speech president obama spoke about working with both sides of the aisle. >> we are greater than the sum of our individual ambitions and we remain more than a collection of red states and blue states. we are and forever will be the united states of america. >> the president and his family spent the night in chicago. they will return to the white house though this afternoon. there was also a very large receive brace filled with chants and cheers at sprawl plaza. for many students in the crowd they are excited this is their first time to vote. >> it's been a long time waiting. it was a really long line. and it took awhile to
morning, thank you for joining us on this wednesday morning, november 1st, i am pam -- november 14th, i am pam cook. >> let's go to steve paulson, he has your forecast. >>> this will be the last day for really warm temperatures and today there is going to be lots of 70s and the warmest temperatures will be on the bay and on the coast, here is sal. >> 680 through the walnut creek area no problem on northbound 680 coming up. 6:01 let's go back to the desk. >>> right now pg&e crews are at san francisco city hall trying to get the power to work normally. there was an explosion and fire there at city hall last night. claudine wong, what is the latest? >> reporter: a truck pulled up and take a look behind me they have two trucks and a third truck is just down the street which just pulled up. pg&e has been out here all night long. they do have the lights on and i want to take your attention to the far side and there will eare some generators back there. you have two big generators and we have been hearing them working this morning ever since crews have been out here with that area blocked off. i
technology for $90 million. they will use the facility for their operations. no additional details was given. president obama called solyndra a model of green technology and then went bankrupt later. >>> new health concerns about another type of energy product, this time it is the 5-hour energy which comes in a shot size bottle. ktvu's david stevenson tells us what led to the investigation. david? >> reporter: first, monster energy, now 5-hour energy is being scrutinized for possible link to injuries and deaths. >> reporter: she is a coordinator at ucsf and relies on 5-hour energy shots to give a boost. >> i try not to do it too often. only on days when i feel like i am sluggish. >> the food and drug administration is taking a closer look at the drink. they confirms to ktvu it received reports of 13 deaths and 30 reports of life threatening injuries since 2008. >> energy drinks are about two cups of coffee and kind of put together in a way that might encourage you to take multiple doses. >> reporter: they asked researchers to look into hundreds of cases involving a variety of energy drippin
be in. two more acts will be leaving the competition. that will leave us with your top 6. who is it going to be? that's up to you america. also, last year's "x factor" runner up, josh krajcik, and the amazing alicia keys. that's all tomorrow night at 8:00, 7:00 central. stay tuned for your local news. from all of us here at "the x factor," good night, everyone. s. >>> storm clouds gather beneath tonight's full mune. the first storm moved through today and a bigger storm can coming up. >> we are on storm watch as the bay area braces for the next wave of rain. the next series of storms is forecasted to be much stronger than today. bill martin is tracking the next storm's arrival. we begin in the south bay with. >>> it was a windy day here, so much that the wind toppled this tree. this is just some of the mess left behind. >> reporter: it's a muddy walk from the door to the driveway at this family's home in san jose. the remodel is going to stay like this. >> it's pushed things back. hauling things out, he couldn't bring in a tractor because there was so much mud. >> reporter: th
. >> good morning, i'm pam cook. thank you for waking up with us this morning. let's check in with steve paulson. the weather is already changing i guess. but i did vote for warm weather, steve. >> then election came in for you on monday and tuesday. but for us rooking for colder weather the results will show up later today and more likely tomorrow. we have a very strong cold front coming in. today is that between day. 60s and 70s. a lot of the fog and low clouds are back. temperatures will begin their cool down. >>> traffic on 24 westbound between walnut creek and oakland looks good. the fog is not low here. steve has mentioned the fog. definitely foggier and chillier. the commute looks good on 80 now. but this last night there the freeway waclosed for more than five hours. this taxi cab happened in san francisco. it happened about two hours ago on 8th. the cab driver lost control and hit two parked cars and a parking meter before crashing into the side of the market there. firefighters had to use the jaws of life to get the driver out. the driver was injured. we don't know his conditio
williams will bring us updates from there. and in chicago today volunteers supporting the president worked the phones calling people in swing states. president obama campaigned in wisconsin, ohio and iowa. ktvu's 10-p is there and -- ken pritchett is there and will bring us the latest. our coverage begins at 4:00 p.m. tomorrow afternoon. we will have a team of people tracking results. stay with us on air and on live throughout the night. >>> it was a dramatic rescue that took three hours. crews worked to free two children trapped inside a capsized boat in tomales bay. ktvu's jade hernandez is live where she says family refused to leave the boat. >> reporter: a father refused to leave behind his two trapped children. >> reporter: he showed thus video taken during sunday's rescue. >> the waves are going to hit the boat pretty hard. it has been knocking the father off the boat. >> reporter: he convinced the father to come with her leaving behind his children. >> with him struggling with me and trying to calm him down. >> reporter: this part of the rescue was over. a toddler, parent, and teen
good morning everybody! i'm angela miles. thank you for joining us for this morning's edition of first business. just ahead, stocks traders want to buy now. we'll take a look at a scam that aims to steal your frequent flier miles. how to prevent scammers from getting into your account. plus, many members of the military find themselves in debt. we'll hear from a young woman who helps shell out advice to our heros. and, you might know him as a blues brother, but find out how dan akroyd is upping his net worth with a little help from the liquor business. before we get to all that, let's check in with matt shapiro, president of mws capital. good morning matt. what is your trading strategy in the third quarter? > > look at it, we've had a year where we're going to be looking, honestly, for me, to consolidate gains as this market, i think, is going to do better than people think going into the election. what happened these past two or three summers? we've had a meltdown, and what happened to the market angie? > > the market came back. > > it did, didn't it? so, we're at sort of a p
sent to us. the entire football field was covered. >>> and the front brought up to 18-inches of snow in the sierra. that meant increased hazards for drivers. at this hour, chains are required. some sierra resorts are open opening ski runs later this month. they say they got a foot of new snow over the past 24 hours and their new snow making machines are adding everyone more. >>> and a ktvu.com you will find tools to track the weather any time including the forecast for your city. also live radar for storm tracker ii. >>> new video tonight of a fatal drive by shooting in oakland. witnesses tell us a car pulled up next to the victim's car. a person got out but unloaded shots into the vehicle where the teen was sitting. the shooting happened just after 7:00 on 26th avenue in the fruitvale. witnesses say the victim was a teenage boy who lived in the neighborhood. his name has not yet been released. there's no description so far of the shooter or the get away car. >>> president obama addressed the so called fiscal cliff today in his first public comment since election night. he said that
of the iranian experience in the 1970s, and -- but, what should the u.s. be doing, saying, this is unacceptable and thank mr. morsi for his efforts in brokering a cease-fire, which is, by the way, incredibly fragile but is not what is acceptable, what the american taxpayers expect and our dollars will be directly related to the progress towards democracy, which you promised the people of egypt, when your party and you were elected president. >> chris: let's talk about that. because, morsi took his step hours after secretary of state clinton praised him for helping broker the deal between hamas and israel and so far, at least the administration issued, the state department, a tepid criticism. how tough should they get with them? directly say pull back, what should our demands an leverage be? >> our leverage is obviously, not only the substantial billions in aid we provide, plus, debt forgiveness and an i. -- an imf deal, but the marshalling world publish opinion is against this kind of move by mr. morsi. we appreciate president morsi's action but it always in the past the united states that brok
on sale friday. larry shover of sfg alternatives joins us now for a closer look at today's trading market. good to have you on the show larry. always good to see your smile. a lot of reports were surfacing yesterday that harry reid actually moved the market because he said that talks had stalled out over the fiscal cliff. do you buy into that? > > perhaps. right now, the market seems to be shrugging its shoulders at every headline that comes in, because we are hearing so much. but what harry reid said was really a game- changer, about perhaps trying to curb filibusters. that would be a game-changer, and would put a lid on the stock market. > he could have that much power? unbelievable. all right, let's move on to our next question and talk about greece. for now it looks like greece will not go bankrupt. is that helping the stock market? > > i think it is, but i think it was priced into the stock market. i think the stock market realizes that greece's debt is unsustainable, so anything they can do to prolong that pain until the inevitable happens where there's debt forgiveness is a good th
that they are so used to this kind of violence and conflict that nothing stops them. after the explosions go off the kids jump on their motorcycles and run towards the explosions. they are not the only ones. looks like hundreds of other people con gregate near the area of the explosion. they pick up a piece of shrapnel. they say in the video right after this explosion they went back. >>> you're looking at video from dubai. this is the tower. as ayou can see fire broke out. it is the the top floor where it is believed to have started. that was 2:00 a.m. when alarms started going off. the tower is 34 stories high. this is a residentialal tower. it has about 160 apartments inside and people had to evacuate even from some neighboring towers. take a look at the traffic mess that created. people in the streets were confused about what is going on here and waiting for emergency crews to aarrive. >> it is extra dangerous because there is debris falling on the ground. it is going to take a matter of time to get the fire out. and then there are people in the ground that are in danger, too. >> you can see
people in the u.s., canada, and the caribbean combined. 4.5million homes and businesses are still without power. that is also deepening the ongoing gap crisis out there. it has forced many gas stations to close while disrupting the flow of fuel from refineries to the stations that are open. the wait at some stations two hours long. >>> new jersey trying to make sure sandy does not ruin tuesday's election. military trucks will serve as polling places in flood ravage communities. the state is concerned many of its 3,000 polling places do not have electricity. the deadline to mail in ballot applications has been extended until the end of today. the bay area increasing its efforts to help the storm victims out east. dozens of military personnel left travis air force pace yesterday. they are bringing in much needed supplies including generators. more than three dozen local red cross volunteers are heading to the northeast. they are also have been conducting blood drives for victims of sandy. >>> time now 5:03. oakland police have help keeping streets safe. chp officers are on patrol. almost a
of the dead and honors those no longer with us including loved ones and ancestors. amber lee is with us to show us the roots of this tradition. >> reporter: we're live where people have set up altars like this one. but the main attraction is the annual procession through the streets of the mission. all eyes were drawn to the aztec dancers and their colorful head gear witnessed by hundreds in the procession many with candles. the spirit of ancestors come to visit once a year on this day. >> i'm teeling -- feeling very happy and feel great to showcase our culture. >> they have the food and drink that they love and things like that to honor the dead. >> reporter: this woman told us the tradition of face paint appealed to her as she honored her friend robert yagey killed in a bicycling accident years ago. >> i love that people come together to make art in the name of someone they love to create something beautiful, you know when things are seemingly falling apart. >> reporter: this woman built an altar if her late son-in-law and deceased family members. >> this is like bringing them back
from union city, jeanine della vega ktvu channel 2 morning news. >>> tara moriarty joins us live with talking with police and the warning for other resident -- residents in the city, good morning tara. >> reporter: police have not found any suspects but they do have leads they are following up on. meanwhile members of the homeless committee are on edge after one of their own was violently killed and so far no witnesses have come forward. police say 24-year-old mckayla had recently become homeless after not taking a -- after dropping out of a drug program. investigators say she was stabbed several times with some type of blade edged instrument and she was most likely killed where she was found. >> people who are homeless should stay vigilant and be extra careful and i would make that recommendation at any time. we don't have anything that is pointing to anything but an isolated incident right now. >> now we found some pictures of her on my space. she came here at the beginning of october and left a victory outreach home on october 11 with a man she met and again police have spoken
to the airport. stay with us on ktvu channel 2 morning news for up to the minute coverage for the next round of heavy rain. we will be here four for your neck mobile device. >>> family members have the mental capacity of a 6-year- old. cheyenne white left her group home and walked to the bart station. they spotted her talking to 6 men before losing track of her. she is described as 5-foot 4 and is 140 pounds and has brown hair and brown eyes. if you have any information call oakland police. >>> they are investigating a man shot to death inside a car after 8:00 last night. they went there after hearing gunshots. so far no arrests have been made. >>> apple now has a deal with a developer on stevens creek boulevard. they reported the existing buildings at that location will be demolished and replaced. they are not saying if it will be a permanent facility or something else. >>> winning tickets were sold in missouri and arizona. california didn't have a chance. we don't have power here but you will have a chance at 5:45. >>> they tried avoiding the fiscal cliff. they are meeting to discuss how
police, swat police ended a standoff with a wanted man by using flash bang grenades. there you see windows were shattered at this home near holly park. the standoff involved the suspect accused of injuring a police officer by ramming a patrol car during a chase yesterday afternoon. police lost track of that man until someone called the police hours later. >> later that evening at about 8:30 p.m., police got a tip that the same suspect was in a residence on the 100 block of appleton. >> the standoff started about 10:45 and there you see police arrested the man. he had spent time in federal prison and has connections to gangs in san francisco. >>> san jose police were called out to a fire at a home where marijuana plants were found growing inside. the police did not issue any citations because they sate person at the home had a medical marijuana card and was growing the marijuana legally. he had about five or six plant that were found in the garage. it was a small fire. it did burn part of the garage though. firefighters were able to put it out and nobody was hurt. >> problems wit
campaign. and, for both sides it us all about getting supporters all to vote. we want to talk about ground game tactics with each camp, starting with david axelrod, senior strategist for the obama campaign, who is in our washington studio and, david, welcome back to fox news sunday. >> thanks, chris, good to be with you. >> chris: before we get to the campaign, i want to ask you about libya. here is what the president promised, and here's what he has actually done. >> president barack obama: every piece of information that we get, as we got it, we laid it out for the american people. >> chris: and, that was the president, returning from a campaign trip, and not answering a question about benghazi, david, simple question: did the president make a calculated decision, to run out the clock, until the leck and not answer questions, about libya? >> no. >> chris: so, why hasn't he answered questions about his personal involvement in libya? >> the president has, from the beginning, chris and we've talked you about it before, of course, the president has said, we want to get to the bottom of it an
'm julie haener. police tell us, thanksgiving eve is one of the biggest party nights of the year. some refer to it as blackout wednesday. some officials say it is second only to new years for drunk driving violations. leave in petaluma, he found college students getting together for cocktails, and police getting together for a busy night. >> reporter: you can see behind me on this blackout wednesday, people are already out having a good time. we have a long ways to go. police are just hoping people don't party too much. >> these college age women are home for thanksgiving and are catching out over a drink called a swamp water. >> just back in town and hanging out. >> just a good feeling to come home. petaluma is a good town to come home to. >> the bars are just packed. i don't know why everyone wants to drink so much a night before eating a bunch of turkey. >> reporter: sometimes, the celebrations go too far. this was the scene two years ago. >> we had problems with bars overserving. young people, fights. you know, dui's. >> reporter: extra officers will be on the street tonight. polic
bill martin is going to set the time line. but we begin with debora villalon who tells us truck drivers may have to find other routes. >> reporter: as rain is going to start out, wind will be a bigger problem than rain to start out. and in some of the bay area bridges wind can be a big hazard. behind this big rig, this offer knows it's not going to be such a smooth drive. >> if the wind becomes too substantial, and if it's causing vehicles to topple over or that's a concern then the bridge will be shut down for big riggs and high profile vehicles. >> in storms like this we do expect there to be some power outages. >> reporter: pg & e also bracing, bringing winds down before winds do it. still crews can't get every branch so a flashlight with fresh batteries should be a must. creeks are way downright now. still sandbags are at the ready and san anselmo is sending out alerts. >> i think my first teammate is coming in 24 hours ago. >> they're pretty secure here, they're not going to go over. >> reporter: it might be a time to baton down the christmas decorations so they're not wrecked by t
, and $500 haircuts. so they have money. they are trying to tell us they don't. snee in ? response, they say they are $1.3 billion in debt. spokesperson sent you the a statement, saying the employees union workers are the best compensated for their classification in the region. our young -- our union employees make 20% more. 0 the spokesperson said we are acting as thoroughly at possible to address allegations of improper port expenditures. coming up at 6:00 we will have more on what port workers said about the possibility of a strike at the maritime pork and oakland -- port and the oakland airport if the issues do not get resolved in time for the holiday season. >>> more details on the investigation on possible inappropriate behavior by port officials. as ally mentioned, our investigation found that two port executives had spent $4500 in public money at a strip club in houston. those two executives are now owner administrative leave. and we recently showed you video of two oakland police officer making late night visits to a karaoke club that neighbors think might be a front for prostitutio
of option pit mentoring gives us our first look at the trading day, and what do you anticipate on this post-election day mark? > > well, president obama won, so let's look at what his policies are really going to do. i think he's a weak dollar president. so what does that mean? gold is going to rally, commodities are going to rally. i think you will still have people searching for yield, so the stock market is going to rally. we will see a big sell- off in the vix, and we should see a sell-off in the u.s. dollar as well. > > what do you think about gold and oil here? yesterday they both ramped up. > > we saw both buying ahead of an obama victory. there is a strong belief that gold could make an end-of-year run through its all-time highs toward that $2,000 level. oil is a little more demand-centric, so expect it to test $90, maybe $95 in wti, but i doubt it's going to be testing new highs toward the end of the year. > > as you know, consumer confidence is up. we have retailers reporting earnings this week. is this a time to buy retail stocks? > > i think you have to be smart about which
we dry -- about his loss to eric swalwell. >> reporter: he sent us this statement saying it was my honor the serve the people for the last 40 years. i went to washington by running against an unpopular war. i leave knowing the landscape changed but the needs remain. i congratulate eric swalwell on his victory. eric swalwell hasn't heard from pete stark till we showed it to him. >> i would say the people -- their craving and desire to have someone who will live in the district and work hard for the people back in washington. >> reporter: pete stark was under fire for living in maryland while saying this home was his resident. pete stark also had to back track. >> i wish him well. he served for 40 years. that is something he should be proud of. >> reporter: eric swalwell goes to washington as the second youngest member of congress. live, eric rasmussen. ktvu channel 2 news. >>> another democrat was unseeded last night. brad sherman meet howard burrman. he got 42% of the vote. >>> voters approved the ballot measure to raise taxes. 54% of voters said yes to prop 30. compared to 46% who
holiday shopping on thanksgiving. target is joining wal-mart, toys 'r' us and sears by kicking off black friday shopping on thanksgiving night at 9. retailers usually bank a third of their annual sales during the holiday season and the stakes are high to beat competitors and entice customers into stores. these retailers all claim a demand from consumers as the reason for the early openings. a former williams sonoma executive is now trying to cook up innovation for best buy. hoping to restore some of its luster, best buy has lured sharon mccollam out of retirement to become its new chief administrative officer. looking to boost both sales and its online presence, mccollam will have her work cut out for her. despite controlling 16% of u.s. consumer electronics sales, the chain has seen shares fall 35% so far this year and posted a $1.2 billion net loss in its latest fiscal year. a busy week is ahead in washington as democrats and republicans face that looming fiscal cliff. today at the white house, president obama meets with the leaders of labor and progressive groups. wednesday he's invit
you for joining us. let's get a quick look at the weather and rain. >> couple reports already coming in. excuse me. it's on its way. that means from this point forward the morning commute will start to get on the wet side. the evening commute will be on the moderate to heavy side. that will be two bands one in the morning and one in the afternoon. >>> live news chopper two showing a picture of a mess on the bay bridge. we had reports of two crashes it's trying to clear up whether or not it's two or one bad one here. this crash on the bridge definitely we see one westbound coming up and just temporarily blocked all the lanes. now they are in the two right lanes here approaching treasure aland. we also had a crash reported on the other side of treasure island. it's unclear if that one is there or not. for sure they are trying to get the cars out of there. the tow truck is hooked up to one of the vehicles. this has made a huge backup at the bay bridge toll plaza. if you are trying to get into san francisco your commute will be tough. and the rain son the way. that will not help. let's g
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